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the same pduct. you still have government supervisors, identical technology, identical procedures, they don't seem to think it's going to save us that much money. so, just a question of whose pocket the paycheck is coming out of. >> it's not only saving, it's improving efficiency. privatization bet center >> hand it to the airlines. if american airlines doesn't protect its passengers it goes out of business. if t tsa doesn't protect the passengers it gets more funding. we have an incentive problem. in the private sector you are forced to do better. in the government you are rewarded. >> bill, do incentives matter here as they do most places? >> maybe but i say no, don't give privatization a bad name by assigning it an activity which is an expensive mess no matter who undertakes it. i would rather have john and steve use their powers of persuasion and libertarian instincts to apply to another need. privatize elementary schools. >> a subject for another conversation. we'll have that conversation. mike, by the way to clarify to, the tsa denied wrong doing with this marine. i wouldn't take thei
. can you imagine how this is going to northbound this is a nightmare. this is so the federal government can hire millions of people to make this legislation possible. it's idiotic. they should break it and start all over. >> 2200 pages turned into 20,000 so far. i remember when president clinton saiddy not have sex with that woman. president obama setd this will not add a single dime to the deficit. >> look, it's going to bring down health care costs. it's amazing people hate so much something that has barely taken effect. most hasn't gone into effect. the american people when asked about the specific provisions in the affordable care act like it. they like tax credits for small businesses to pay for insurance, they like cling the medicare donut hole, they like kids staying on insurance. 80% of people like those and less than 50% know they are in the bill. so stop smearing the bill to tell people wh's really in it. >> talk about why this didn't kick in. we had to wait until it got voted back in. they wrote this so that once he's in all the crabby stuff comes out. stuff we're two years i
the government fears contagion. it starts doing naughty things. this is limiting how much those folks can take out once they can get out the money. it is enacting sweeping measures that are raising eyebrows worldwide. banks rethinking even being there. paying customers wanting to get out of there. it is a mess. in these next 72 hours, cyprus officials are very lelia. they are working overtime to contain this mess. let me put it this way. cyprus is no longer an island. cyprus is a tsunami. it scares me customers worldwide. that is what they are hoping to avoid this weekend. it depends on whether they deal with this. going to john brown, and our own nicole petallides on whether they can and will. nicole kno of what she speaks. her parents are from cyprus and she has visited there many times or so. these are wholly times. >> i am so glad that you're painting it in the proper way. this is .2% of europe's gdp. it is a small island and it is being menial to so many. but it paints a picture of what is going on there. which is catastrophic. you go in there and you are talking about confiscating peles
shows some of the victims. we can't confirm. but russia, the syrian government's ally and main weapons provider, is backing the regime's claim. syrian rebel spokesman accuse the government of using the weapon, saying this is all part of president assad's propaganda effort to mislead public opinion. the white house says it has no evidence on either side that anyone used any chemical agent. we'll have more on the administration's reaction in a moment. >> first, let's get to jonathan hunt. impossible to know if this is true. but we can look at this video and draw at least some preliminary, well, conclusions. >> we can't be certain about anything, but if you look at the video that is allegedly from this attack, and shows the victims, there's nothing here that would indicate, for instance, gas, the twitching of the victims, vomiting, drooling, mustard good, you would see blistering on the skin. we don't see any of those things in this video, and also we have not yet heard anywhere in the past fewer months or past couple years, any evidence that the rebels themselves have got their hands on
liberal's dream that government seizing your money out right, there is nothing you can do about it. now no cyprus they could find out the hard way, this tiny island nation sent a tsunami shockwave to the rest of the world, keeping the banks closed until they find a more palatable way to. welcome i am neil cavuto, you got 10 grand in a bank account. how about waking up tomorrow morning and then finding a thousand bucks missing, right off the top, does that sound over the top? in cyprus that is reason that thousands of bankustomers are blowing their talk, with talk of a 10% tax on deposit the money, has a lot of angry customers storming the atm machines but the government has closed banks to avid a bank run, a keeping them close until they sort this out, but the tax is till coming. for cyprus it is about the cost of staying in the euro club, never mind how average i citizes there are getting club. but this is about taxing assets there. something with which we should all be very familiar here. no uncle sam has not hacked into our bank accounts -- yet, but he made a b-line for our other ass
contracts? if they agree what business is a the government to interfere? >> the also got 14 year-old son of the cold wind. there has to be appointed. >> this is the 21st century. john: if you volunteer is that freedom? >> i grabbed as a liberal in the '60s now i am a libertarian democrats these to be press secretary because i in understand the argument how we exploit workers of the world that they need to have the backing of the government demand john pay his interns but these people are not so stupid they cannot decide if they are exploited. it is a contract that is understood. >> no coercive power is used it as a libertarian stream -- dream. john: the obama labor department can now with the explit rules if you don't pay them there is criteria. the employer derives no immediate advantage. [laughter] on occasion the operations must be impeded? i had in turn to impede did my work i tried to get r of them. >> if fox wanted you to do a news show and said do it underpaid and then we throw use and academic credit then we will decide. would you except that? john: maybe not at this point* in my
is a the government to interfere? >> the also got 14 year-old son of the cold wind. there has to be appointed. >> this is the 21st century. john: if you volunteer is that freedom? >> i grabbed as a liberal in the '60s now i am a libertarian democrats these to be press secretary because i in understand the argument how we exploit workers of the world that they need to have the backing of the government demand john pay his interns but these people are not so stupid they cannot decide if they are exploited. it is a contract that is understood. >> no coercive power is used it as a libertarian stream -- dream. john: the obama labor department can now with the explicit rules if you don't pay them there is criteria. the employer derives no immediate advantage. [laughter] on occasion the operations must be impeded? i had in turn to impede did my work i tried to get rid of them. >> if fox wanted you to do a news show and said do it underpaid and then we throw use and academic credit then we will decide. would you except that? john: maybe not at this point* in my career it is my choice. american freedo
, 30 employees of the united states government you have been sequestered from public view for six months, four of them injured. what is your reaction? >> where they bury the survivors? lou: it has really been just exactly that. >> and the liberace, tucker, i don't think and stole the election. and now our soldiers are getting killed as a result of what he says. after ten years of sacrifice. >> aren't you glad obama pull the troops also the good afghanistan right? >> by the way, what happens to the mass of weapons of mass destruction jack next week is the ten year anniversary. we're still looking for those. lou: it makes you wonder about just where we are with their policy. you will leave about $35 billion worth of material and equipment in afghanistan. at least that appears to be the plan right now. you get the last word here. >> i hope that the prime minister netanyahu on tuesday or wednesday brings out his little round bomb with the red line on it and says, see, i told you so. lou: and not quite sure what that meant, but i will give you the last word. james, joyous, thank you so
to suing the very government ta bailed his firm out, if you wondered, what about bob? tonight is your chance to hear from bob. on that suit and whether he is in. man many argue is at center of it or not, robert ben mo shea coming up. before that. forget about digging out. on this spending thing washington is digging in. welcome i'm neil cavuto it is one thing for nancy pelosi to say we don't have a spending problem for the president to say there is really no great urgency to balancing the budget or harry reid saying there is no rush too deal with entitlements this year. but for house democrat to double down on spending stupid by pushing more stupid spending, well, you got to wonder. but this is true, they want more stimulus about $200 million more, who can blame them, clearly none of their leaders are trying to stop them or remotely discourage them. and members of pear are not block -- of their party are not exactly blocking them. i don't think their intention was to encourage this. they run for a immediate nicotine spending rush any time they can get it, they d got it,n them for push
contracts between two people student and the company. if they both agree what business is it of government to interfere? >> the same law that protects interns is also the one that got 14-year-olds out of the coal mines? was that freedom of contract? there has to come a point where you have to understand what are the -- >> coal mines, 14-year-olds? >> this is the 21st century. >> i don't see what century matters. if you volunteer to go to the coal mines and your parents are okay isn't that part of freedom. >> i grew up as less liberal. i have become a libertarian democrat. there are about 6 of us libertarian democrats. i used to be the press secretary for the democratic party. i understand the argument how we are exploiting workers of the world and they need to unite and have the backing of the government have the government demand john pay his interns. but why? these people are not so stupid they cannot decide whether they are being exploited or not. it is a kong tract written or otherwise understood and we should not use the course of power to the state to demand you pay your intern. >> t
were today. a familiar budget plan, the nuts and bolts programs of the government. it is cruising for passage in the tea party flavored house. wow, that is supposed be a news piece. the law undream line of what was supposed to be a tax piece. it restores my of the cruel automatic spending cuts. all is missing is a line like thank god for the democrats. then it was also considered a cheese head. it starts out fair and factual enough under the rhine plan, the government subsidizes it. the only famous unnamed critics who say all of this would mean ever shocking. he is heartless and soulless and probably the double in pinstripes. it is one thing when they say it was all but a sham. it is another thing for them to prove that it is an even bigger sham. they are darn near inbred watching politicians who continue to say that we don't have a spending problem. and one that is only trying slow down the growth of the spending. fair and balanced. try over and out. dick armey says that he is over the top of the house of representatives. i am not saying give republicans a pass. i am saying to t
and will reveal his plans for future public service to us in just a few moments. >>> and government payroll has dropped 37,000 since the recession bottom, but private jobs have rocked 5.2 million higher. as i've said many times, lower spending and limited government, including government jobs, is good for the private economy. that is the real engine of the economic prosperity. >>> plus the supreme court this week will hear two important cases concerning same sex marriage. shouldn't the black robe masters leave the important social decisions to the states and their democratically elected legislatures or referenda? let the people decide. "the kudlow report" begins right now. >>> first up, in recent weeks, he's become a conservative super hero icon. that following his triumphant speeches at the national prayer service and the cpac political conference. dr. ben carson has a message to roll back obama care, deal with the crushing national debt, and even a bib llically based call r a flat tax. that's what i love. is he the conservative that can save the gop? here is the aforementioned dr. ben carson.
action, are far more likely to get the most positive outcome. call this free government program for the option that's right for you. >> predictions, it gary b. >> i like lululemon. the reason, it's complete overreaction, they're recalling a product. it happens all the te and i think the stock is up 20%. >> brenda: i just like saying the name of the company. bull or bear. >> they don't get into yoga and high price valuation. >> brenda: toby, your prediction. >> all of these smart phones have done one thing, made the super memory off the chart, prices going up. and micron going up and-- >> gary b, bill or bear. >> i'm bearish, a little overbought right now. >> brenda: john your prediction. >> best buy turn around getting rave reviews, up. >> brenda: and toby. >> it's up 25% before it goes down 25%. >> brenda: jonas? >> okay. around word on street. bribing the tonight show to it move to new york city. the credit card-- >> bill or bear. >> letterman in new york-- >> and jay leno, and john ji carson and-- neil cavuto is up next. >> neil: the unions are starting to get loud, but is t
at all. just put into law with his signature. these are democrats. this is their idea of government. everybody in the country needs to be paying attention to what the democrats and in some cases a handful of republicans are doing. at a time when we should be talking about transparency on the issues of our time. we are simply being brushed aside by imperious and elitist government. just a few days later, lawmakers admitted they were adopting law enforcement officers. imagine not. a month later, they said they wanted to use banned assault weapons. earlier this week, governor cuomo admitted that he had to amend the law. because it bans the sale of this. they didn't even think about that. the idiocy of the whole process is astounding. new report out today saying that governor cuomo is trying to lure the "tonight show" back to manhattan. that is right, nbc with three shows is trying to, well, basically dump the host of one of their three winning shows. these are brilliant people. right and to get the show back to manhattan providing 30 percent tax break if it decides to leave to caper bu
into the sea of japan today as the bellicose rhetoric of threats from the dprk government intensified. the defense secretary ordered missile defense on the west coast to be reinforced. fourteen additional icbm@ interceptors readied for use if needed. at the state department is finally revealing the number of americans who were in a line of fire during the benghazi terrorist attack. and the extent of those injured. six months after the september 11th attack. the latest for you. tonight we begin with the end of the wall street winning streak. the dow jones industrials finishing in the red today after posting a string of eight consecutive record high closes. ten consecutive winning sessions for the dow. the dow dropping 25 points today. the s&p lost two and a half. the nasdaq fell nine points. but for the week, all three indexes posted gains. the dow jones industrial of 117 points since the opening bell monday. the s&p picking up nine and a half, the nasdaq up five. the wilshire 5,000 measuring the paper gains for the entire market for the week at $1,205,000,000,000. and the total market
to ask? my deposits are about to get snatched by the government, and, you know, that's a real problem. you're going to see it spread. sandra: spencer, you can't run and hide. if you're an investor, you have to be in the market. how do you hedge risk? >> get real assets, look at commodities. oil did well. you saw the grains do well. they were up in a down market. you saw gold basically be flat. get in real commodities and get out of stocks because stocks are at all time highs. there's no reason p why you should buy now. sandra: peter, you are a bear with the u.s. dollar. it was the euro that took it hard today. >> yeah, you know, the euro was down, but back to the stock market, the stock market doesn't go up every day. just because it went down today, it's not a big selloff in reaction to the news. i mean, you are going to get down days. i think the market should have gone down more than it did because of the problems, but i think all the money printing is what's going to keep nominal stock prices rising. no one way or the other, you lose value of the deposits because if the bank doesn
a government shut down. congressman marlon strops men of inana joins us here to talk about the budget and the second amendment. the chinese nationals suspected of espionage and nasa has his day in court. the latest is that trial enters its 305th day. attorney state jenkins joins us. joining us now to discuss what geopolitical approach the united states should be pursuing and what we should be paying atntion to, obama's claman a piece is the only path to true security. of course, objective of against iran syria benjamin netanyahu and the ceo of ge be international. a fox use digital politics editor. gentlemen,hank you for being with us. if i may, i want to start with you. benjamin nanyahu could not have been too pleased with whoever else happened. president obama was speaking rather aggressively to the oplef israel over the head of benjamin netanyahu. >> well, a lot of these visits are public diplomacy. i will say that based upon what the president haaaid over the past few days there is a hopeful be in this cynical me. i hope that the president has been seen as of late both the nsa int
to work states adding more jobs and with many in the government looking to cut more spending, is it time tore unions to simply get with the program? charles payne, dagen mcdowell, adam lashinsky, charlie gas pregas-- gasperino. >> and with the. >> i love the big raps. >> and communities with fewer presence of unions are doing better communities and businesses. the they drove hostess out of business and they have to figure out the dynamics. they've got to take a step back, we're trying to benefit and not in it for ourselves and the message doesn't get across anymore. >> neil: dagen? >> this is evidence of unions on the run. if you look at michigan, a huge move that that state, kind of the birth of unions as we know it in this country, is now a right to work state, but what you see -- you're starting to see the down and dirty tactics. a lot of unions in that state tried to do or are doing like is run around the law, but putting in place like wayne state university, forexample, mandatory dues must be paid by the unions for periods of years, eight years in just that case. you're seeing it al
? there are regulators here, does not like the government isn't assigned to monitor this. >> in 2007 the cdc found these smaller companies have less stringent regulations and lower quality control. there is no doubt this is a major problem that has to be addressed. gerri: you are right in the middle of this. >> i try not to take medications from the smaller pharmaceutical companies, or try to find out where they are coming from and i refuse medication for my compounding company and wait until we can get it from a major company. pity they should be required to get involved and take a load off of some of these companies with less stringe requirements. gerri: i used to be more popula now they are less popular, growing yet again. now we have 17 state laws making eir way through state legislatures to answer to this question, but that can take a long time. what do you recommend consumers to do right now? >> they have to basically check with their doctors, check whether hospitals and see if they can checkout. start raising the questions now. gerri: thank you for coming on. i appreciate your time, thank y
that you have to remember that the prime minister of israel just formed a very fragile coalition government, and so the president, it's very shaky ground in israel, as well, in terms of his approval among israeli jews. many of them are sort of neutral about president obama. they don't dislike him but they don't adore him. and so for each man there is a big reason to show that they are in good for the other guy, to get some credit here in israel. and so, yes, there is good reason for each to show that all those old wounds are well on their way toward healing. nobody here is going to pretent that they don't have troubles. but they are showing that they can get along. >> keep looking for those smiles. thanks to jessica yellin in tel aviv this morning. we will come back to you over the course of the morning. this went from what was going to be a symbolic visit to one where all of a sudden there are urgent matters to discuss with the specter of chemical weapons possibly being used in syria. we want to go to our senior international correspondent ivan watson in amman, jordan, this morning. and iv
this will be perceived and that's something that our executives, and whether they're in the regular federal government or the postal service, has to take note of. that the public is watching and that they are turned off by seeing waste of taxpayer dollars or in this case, sosh service dollars. >> attendees see it another way. >> relationships and networking very important. if they just stand in their office in washington they wouldn't get the feel of what the mailers want and need in the industry because the industry's changing. technology is changing and the postal service is changing with it. >> reporter: again, the u.s. postal service spending more than 2 million dollars on exhibit space and travel expenses. that may not sound like a lot, but as one government watch dog group told me, the way you end up 16 billion dollars in debt you don't worry about a 2 million dollar expenditure. over time, harris, it all adds up. >> harris: indeed it does. thank you. and republican lawmakers stepping up calls to hear from the the survivors of the benghazi terror attacks, six months after that assault there are
they discussed, but there are lots of things on the plate of the new pope who has to deal with governance within the vatican, its finances, all the challenges facing the church. it was a historic first. it's never been seen before that two popes both dressed in white, prayed together, ate together and spent quality time together. >> oh my goodness, so what maybe next for pope benedict? or not pope benedict, for pope francis. >> reporter: the pope emeritus, looking at the pictures, he looks quite frail. he said he wants to be hidden from the world. we understand that some time within the next month, he'll be moving to a converted monastery on the grounds of the vatican, but he's a studious man. he's not interested in having an active public life. he's made that quite clear. so our understanding is it will be sort of a life of contemplation, study and writing in the back gardens of the vatican. not a bad place to spend your retirement. >> not bad at all. ben wedeman, thanks so much from rome. >>> earlier today the u.s. senate passed its version of the federal budget. it's mostly symbolic since it
to go. they want a yes or a no. charles: we have already scene when you have these giant governments, these welfare mentalities, it will cost the average person. we saw it in california. the bottom for everyone to understand is when you have these giant governments, it will cost everyone. that is a true story. it has already happened here. stuart: up until now, if you lend money to a government or a bank with a bond issue-- now cyprus is introducing something different. everybody pays for the bailout that is the difference here. that is the switch that cyprus brings to us. we are now out of time. the dow is up 14. it is a state of flux. let me give it to you, dagen and connell. dagen: wing all or some of your money, i think most people would choose some. connell: thank you, stuart. good morning, everybody. i am connell mcshane. dagen: i am dagen mcdowell. how you can profit. that is straightahead. connell: bracing for a retirement crisis. will lose share problem is a share problem. we are talking about lulu lemon. that stock is lower and it is all because of some see through yoga pan
: meantime the house voted yesterday on a republican budget for next year that would shrink the government by another 4.6 trillion over the next decade. paul ryan says this is the only way to balance america's books. >> their plan this year, they can fire it and go to a new one next year. those plans compete against each other around drives down costs and increases quality. it is a bipartisan idea. we want to apply that idea to the rest of the medicare for the younger generation. what this shows you can make medicare solvent and sustainable. you can make sure you don't change it for current seniors and save it for the next generation with these kinds of reforms. bill: that plan is on the way to the white house. republican budget plan for 2014 calls for a balanced budget in 10 years and sharp cuts for safety net programs for the poor and other programs. >> sharp blow to the president's health care law three years after it was passed republican senator orrin hatch and democratic senator amy klobuchar leading the charge repealing a key medical device tax that helps bankroll the law. stuart va
not going to happen. >> talk about big government. >> we have to look at -- can you imagine having the ships and planes hauling off people. i agree that, you know, right now if you really look to the future, we need to have these new workers. we need them for hi-tech jobs but we need them for agricultural jobs. >> your district is a place that, you know, there's been an interesting story about, about the way immigration has worked on long island and it's changed long island in a lot of ways. places have gotten far, far more diverse quite quickly. i remember when i covered the last big immigration fight in 2006-2007, one of the hot spots was in long island partly because things had changed very quickly. there were a lot of day laborers. tensions around day laborers. what are the politics four and your district? >> the politics for me to be very honest with you and i think i have extremely intelligent constituents -- >> as does every member of congress. >> they follow what's going on as far as in the news and everything else like that. but my district, the immigration issue is so diverse. it's
-- they do background checks on all their clients. i think last year 78,000 times the government found reasons to deny people a permit to get a gun based on either they were criminals or they had mental problems. if that doesn't tell you that this is a real problem but good checks can really do something, i don't know what would. >> let me ask you about in new york the nra has filed a suit to try to defeat some of these gun control measures which are more robust than what the federal government is talking about within the states that are about magazines, about background checks and assault weapons. how do you react to that? >> well, anybody has the right to go to court and sue over anything. and in new york lots of people do that every single day. but the supreme court, which is the one that interprets what the constitution actually means and says, has said clearly that reasonable background checks are consistent with the second amendment. that's what in the end is going to stop all of these other suits. if the laws that they are trying to contest are consistent with that, they won't g
, allowing the government to have power to impose capital controls on the big banks. while worried residents are lining up at atms. joining e now to help me with these developments is leadership for euro pacific capital. let me just start off the bat and ask you, the country has agreed to this solidarity funds. but i can't quite tell if this is the solution that the eu wants. could make good on the threat to kick out cypress? >> anything is possible. you know, i think the outrage over this deposit tax is about the honesty of the approach. if you think about it, citizens around the world suffer from that tax. in the united states, how long have we d 0 #% interest rates in the united states? how much money have savers lost who keep money in the bank because they have not received interest on depositsall these ars? what about prices? because the federal reserve does quantitative easing, food prices go up, gas prices up, and deposits lose value. at least with the tax in cypress, it was more honest. the government up front saying we're going to take your money. we're doing it secretly, and i thin
the experts at one reverse mortgage today, you'll learn the benefits of a government-insured reverse mortgage. it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ >> do you like eggs? >> doesn't everybody. >> the scrambled eggs and people fgather on the first day of swing and restaurants compete who can make the biggest portion and a record to the team cooked 1500 eggs in one gigantic pan. >> why? >> they're a symbol of a new beginning for spring. >> looks pretty good. >> thanks for joining us. >> "america live" starts right now. >> megyn: fox news alert just 48 hours after an assassination style hit on a high ranking state official in colorado, investigators are looking into whether a powerful saudi arabian family is in in way tied to the murder. tom clements was director of colorado department of corrections. as the manhunt for his killer began, who could have carried this out. welcome, i'm megyn kelly. investigators working on several th
's employees will be gone. where the red assets are going to the bank of cyprus. the government spending cuts will have to come along with tax increases. this deal still hurts. >> i do not think there is any denying that the cyprus people will have to go through tough times and will suffer the consequences. we had to adjust over relatively a short period of time. rich: now the question is what does this mean for the rest of the euro zone? this, the bailout should be a template for the rest of europe and banks should be reduced. back to you. connell: rich edson lives in cyprus. trading halted in some of those italian banking stocks also added the comments in terms of a template. time to bring in axel merck. your thoughts? >> good morning. when someone screams fire, you do not want to shut the accident. halting stocks, i do not think, is helpful at all. i think it is rather responsible. the question is what will happen. obviously, investors are taking action. connell: you just look at the big board here in the united states and the green at the beginning of the day has now turned red. european
the libertarians who just want government out of their face and out of their lives and you kell another engine. try to do what reince priebus is doing right now and you will see the problem, try steering the car with your engine dead. try steering the political party once you kill the motor. you set out to kill the big motors of the republican party itself. for progressives the amazing thing here is people on the left, center left, and a big share of the center right now are together. they know why the republican established wants to free itself from the issues, they are relieved, thrilled really, it not them trying to hold together a motley crew. senior strategist for rick santorum's political campaign. let me go -- i want to start with the basic question of a political party. this week's republican autopsy report it's being called urged the party to be more inclusive of gay people, women, minorities, did not go unnoticed by the social conservative wing of the party. the report makes little of their concerns. the report never mentions the word christian or church. there's know -- no talk of abort
assertions by the highest officials in the government. without looking for the hard evidence to support it. >> more concern about the politics of my decision rather than what is right and what is wrong. >> i have prayed to god many times that he would forgive me for sending his children to die in a war that never had to happen. >> was there ever any consideration of apologizing to the american people? >> i mean, apologizing would basically say the decision was a wrong decision. and i don't believe it was a wrong decision. >>> one last stop. the president this morning heading home from the mideast. today, what he said on one particular issue is making big headlines. >>> signs of the sequester. it could be coming to an airport near you. might it lead to dangerous skies? >>> up all night. they call it. the u.s. senate just finished its business a short time ago. why did they stay so late? >>> it's a bird, it's a plane, it's actually neither. but it is something that caught the eye of thousands. good morning, everyone and welcome to "weekends with alex witt." let's get to what's happening righ
reporting it just passed laws to create a solidarity fund that would pool state assets and give government powers to impose capital controls on banks. the european central banks says cyprus has until monday to raise $7.5 billion or risk financial collapse. banks there have been closed all week and hundreds of demonstrators gathering outside of parliament protesting. it is coming down to the wire. what will this do to the markets. what should you do with your portfolio? with me now is our money power panel. senior fellow at peterson institute. lance roberts, ceo and chief economist with street advisors. pleasure having you there. we're trying to get our third guest all strapped up. i think that was spencer patton. we'll see if we have him in a bit. jacob, let me start with you. what do you think of these latest developments? >> well, i think they're fairly predictable actually. it is very clear that the european central bank has given cyprus an ultimatum. it basically put as gun to your head. unless you come up with a deal that qualifies you for an international financial bailout by monday
oppressive and demonizing to african-americans and women that the federal government should supersede that. >> so nancy, what states and voters can do, voters have turned back amendments every time they have an opportunity to. >> well, sure. they have. but we have to think about in north dakota the six-week ban is not put to the voters. that's something the north dakota legislature put there and is on the the desk. and this is what the supreme court said looking at the issue. these decisions about your most personal life, these decisions about treated dignity in making, this is not for the same of north dakota or mississippi to vote away. i mean, the court said it is the promise of our constitutional that there's an area of life that the government may not enter. and decision about women's body and held and the numbers facing children are part of the decision. sfl and this always feels shocking to me when i hear it from republicans. you want the state out. so why do you suddenly want it in? wii going to stay on this top iblg when we get back. after the break we'll add a couple more voices
oversight right. federal courts starting to that. >> because of bad policy, the federal government is looking at this. this is a policy that has gone wild. that has -- >> why has it gone wild? >> it is all a numbers game. >> i know it is a numbers game. what i have seen in the trajectory of this is this was happening -- it says something about the way the power works in the city. this was happening in -- every 15-year-old black kid in the bronx and in brooklyn and queens. and in harlem. >> creating so much outrage. >> yes. but why has it taken so long for that outrage to manifest itself? >> as stop and frisks have gone up and up and up in recent years, the outrage is bubbling over to the point where now it is just unacceptable. amount of division that has created between police and community members has gotten to the point i believes the making it less safe for everybody. meanwhile, it is distracting resource. >> in 2009. it wasn't as if it wasn't spoken about and hasn't been spoken about. >> ran in 2009. >> what's occurred over a period of time is the numbers continue to escalate.
story tonight how the government in cyprus is make being the situation there even worse, contributing to the chaos and virtually guaranteeing a bank run. the government says that cypriot banks won't open until next tuesday! meantime, atm withdrawals are being limited to 500 bucks with no bailout in sight, is there any solution to keep calm and carry on? that is the first question for today's money power panel. we have a former consultant to the imf and the u.s. treasury department. julia is a chief economist at pnb paribas and former economist for the u.s. federal reserve board. and the always wonderful steve moore. you recognize him from "the wall street journal." that is him on the right there. john, let me start with you. >> yes. melissa: seems like they're making a situation that could have been resolved because of course they're not taking the 10% levy on deposits but keeping banks closed. people are beginning to panic. they're almost guaranteeing a run on the bank. are they making the situation worse? >> not politically. if tomorrow you wake up and you find there is a 10% tax on
in favor of a singleayer system which is the government. belli is that the government can do it cheaper than those evil insurance companies. weove hearing from you. send me an e-mail. gerri@foxbusiness.com. finally tonight, more waste, fraud, and abuse in california. in bell, california, five former elected officials of been convicted for getting themsels big salaries at the expense of the residents the city where more than 25 percent live in poverty. the bankrupt city of san bernardino is givg police and firefighters a million-dollar pay increase. this comes after city officials claim they can barely make peril . why the hike? the city's charter mandates pay for these workers be tied to attend similar size california cities to all of which are in much better financial shape and san beardino. impact, in irvine in pasadena, home values and property taxes are three times sandino's. boost have the city charter overturned have failed in the city council. again, this city, filing for bankruptcy in august citing a $46 million deficit and goes before a judge tomorrow. is stupid moves like thi
congress passed legislation last september allowing the government to sell space memorabilia, a major auction is now taking place. next monday, 250 space artifacts are going to be up for bids. there are space suits, gloves, photos, emblems, flags, and items valued ate a few hundred dollars, some 100,000, remember when tom hanks played jimmy lovell and counted by hand? you can now bid on page of those hand written notes, although invaluable to the crew whose lives they safe they have an estimated worth of between 50 and $90,000, and also up for bid dehydrated potato soup from the vision. one of most expensive items, the space magna carta. the document signed by u.s. and uss astronauts, symboling the symbolic end of the space race. >> and looking at something that might beatle less pricey, there's a baseball hat from the recovery crew of apollo 15. the amount is $500. >> neil: how many do they expect to participate in this? obviously given the 40th 40th anniversary of apollo 17, last flight to the moon, but who are the folks, how many of the folks who are going out for the auction and b
plan to cap it and generate piles of revenue for the government. it could pull a rag out from under the market and the homeowners. the latest details you cannot afford to miss. even when they say it is not, it is all about "money." ♪ melissa: all right, first to today's market moment. the raid on deposits sending chills down the spines. the market phone for the second session in a row. the first back-to-back losses nearly a month in case you're keeping track. investors gear may be best reflected in the vix. our top story, the critical situation in cyprus threatening to set off a chain reaction around the world. the european nation wants to tax all bank deposits up to 10% in order to secure a $13 billion bailout for the government. this move is unprecedented, it would basically allow the government to skim the bank accounts of every single person who makes a deposit into a cyprus bank account. if that is not enough, the country has closed all banks until thursday so if the decision is made there will not be anything anybody can do if they have money in the bank. now the world is br
and democratic state if things don't change. and he urged young israelis to pressure their government because he said politicians do not take risks unless there is public pressure for change. that was his key message. >> one thing that struck a lot of folks, the president's different stance and tone in regards to this trip. let's listen to remarks that president obama made in cairo in 2009 compared to remark he is gave in ramallah on thursday. take a look. >> this construction violates previous agreements and undermines efforts to achieve peace. it is time for these settlements to stop. how do we get a sovereignty for the palestinian people and assure security for the israeli people? that's not to say settlements are not important t is to say that if we some those two problems, the settlement problem will be solved. >> bill schneider that is a significant reversal what is behind that? >> he wants to get the peace talks started, the palestinians have essentially echoed the american position, which is they won't go to the table unless the settlement -- another moratorium on settlements, in which c
in terms of the possibility of a government shutdown at the end of this month, now averted, which i would just add, a hint of pessimism with the optimism. that almost certainly means we're headed to a very big fight over the debt ceiling late they are spring, into the early summer. >> but tucked away in that continuing resolution are some hidden items on guns. making permanent some of the restrictions on the federal government's ability to regulate guns. they're not the major ones, but they were tucked away in there. when people aren't looking at the continuing president, the nra is still holding sway. >> well and andrea, you know, in the wake of newtown, i think we all grappled with the possibility that the politics surrounding gun control had been fundamentally changed. i would say what's happened in the months since then, stripping the assault weapons ban out, skepticism about background checks and high-capacity magazines, suggests that newtown may have changed things for a time, but it's possible it did not change broadly how the public thinks about gun rights, gun restrictions, you k
's what he's doing. he's like a federal government official. not watch what he says but what he's doing. that's why i love the guy. look at him he can't stop smiling. neither can you. you're both great. thank you so much. now folks, a busy day and night on capitol hill. the senate is busy voting on amendment after amendment in their budget bill. we got two distinguished senators about to join us give us their take and later on the show why can't police departments get any ammunition while the department of homeland security has bought up 1.6 billion rounds in the past year. there's no ammo for handdowns, shot guns, rifles, for training. what's up with this or is the dhs in a form of gun control that the congress can't legislate? folks don't forget free market capitalism is the best path to prosperity. stanford university stopped its course. we'll hammer them for it later in the show. i'm larry kudlow. please stay with us. zap technology. departure. hertz gold plus rewards also offers ereturn-- our fastest way to return your car. just note your mileage and zap ! you're outta there ! we'l
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